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CBS
Dec 27, 2012 5:00am PST
department says it will start taking steps to postpone the government from hitting the $16.4 trillion debt limit the money the government can spend to finance its operations. >>> toyota will pay the biggest sum of money ever recorded for a car defect. the proposed $1 billion settlement will resolve a class action lawsuit for hundreds of toyota owners who claim unintended acceleration problems caused numerous crashes, injuries and even some deaths. >>> and chicago wins the dubious award of having the nation's most expensive metered parking. starting on new year's day parking meters in downtown chicago will cost $6.50 an hour up from $5.75. the city leased the meters to a private company for 75 years for the bargain price of more than $1 billion. >> thank you, erica ferrari, cbsmoneywatch.com. >> i love san francisco even more now. you have to have a credit card. that's almost a roll of quarters. >> i just discovered parking cards. >>> if you are heading out doing any traveling on the roads this morning, so far actually things look pretty good outside. we have a nice quiet weather day shapin
CBS
Dec 25, 2012 5:00am PST
january 1st sending us back to the 1950s policy requiring the government to buy milk at inflated prices and driving up the cost for everyone. >>> we need some good news. over to lawrence now and find out about rain that's coming. >> that big storm that's rolling into the bay area. happy holiday. yes, merry christmas to you and everyone and you're headed out today i hope you get the umbrella for christmas, maybe a rain jacket. you will need it today. already seeing some showers on the hi-def doppler radar showing up in the north bay right now. these just some scout showers really out ahead of the main cold front but the winds going to be kicking up. and it looks like we're going to see a brief period of heavy amounts of rainfall as the system slides on by. further northward but the main cold front still off the coastline and yet to come. so if you're headed out to the today on this christmas day be prepared for rainy personally the middle of the day and afternoon and the gusty winds the possibility and some isolated thunderstorms. the weather going to be unsettled after that. more shower
CBS
Dec 28, 2012 5:00am PST
september. >>> russia is work on talks to end a 21-month-old conflict in syria. the syrian government is ready to talk with its opponents. now russian's foreign minister is calling on syria to make good on the offer. they are working with egyptian diplomats. russia expects to meet a senior american diplomat next month on the issue. >>> "stormin' norman has died. retired general norman schwartzkopf died of complications from pneumonia. he spent his entire life in the military. in vietnam, he rescued a wounded soldier by marking land mines with shaving cream. he later commanded the american- led coalition in the first iraq war. schwartzkopf was 78. >>> 5:37 now. police say a police officer who lives in antioch returned to his home to find three burglars inside the house. it happened on wednesday night. the officer tried to chase the suspects but stopped when one of them fired a shot into the air. apparently with a gun stolen from that officer's home. >> it appears to be random. like many cities in the bay area, our residential burglaries are on the rise and have been for quite some time
CBS
Dec 31, 2012 5:00am PST
where they are. taxes seem to be the biggest obstacle to a compromise. but others want to see government spending put in check. >> the president is doing nothing about the addiction of his administration he has to spending. he is the "spender-in-chief." >> reporter: president obama says he is willing to do that. >> i offered over a trillion dollars in additional spending cuts so that we would have $2 of spending cuts for every $1 of increased revenue. >> the senate stands in recess. >> reporter: the senate reconvenes at 11 a.m. so as americans celebrate the beginning of 2013, they may wake up wishing it were 2012 when they had more money in their pockets. i'm andrew spencer reporting. >>> just to clarify, the mid into the deadline is 9:00 our time. if the deadline comes and goes, there could still be some wiggle room if the president and lawmakers appear to be working toward an agreement. the tax hikes and spending cuts could be held at bay for a few weeks, then could be repealed retroactively once the deal is reached. you can keep tabs on the fiscal talks anytime by logging on to our we
Search Results 0 to 3 of about 4